Kakashi2020 Posted June 17, 2018 Share Posted June 17, 2018 I read an article that says, it's better to invest a small sum of money in a number of newly launched cryptocurrencies than to invest money in well known coins, it's because of the appreciation of newly launched coins. All a person needs to do is to pick 5 - 10 newly launched coins and invest in it, in about 6 months most will be duds but 1 or 2 would appreciate 10 fold and would become successful. Do you think this is a good thing to do? Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/ Share on other sites More sharing options...
Marako0406 Posted June 18, 2018 Share Posted June 18, 2018 I think yes, given the time and effort and money you might loose on investing to old cryptos but in newly launched coins there is a window that might open widely and that's the chance I've been patiently waiting. Now I just only track and invest to new cryptocurrencies and the best yet for me is Bitcoin Token or Bitcoin Spectrum I really thought that the people behind it are very active in pushing it's value and making it possible to be traded on most exchanges so far. Hoping that it will be of great value at the end of this year. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1316 Share on other sites More sharing options...
EfficientNinja Posted June 18, 2018 Share Posted June 18, 2018 This will have to involve some luck. The probability is there but there will be more duds today than yesteryears. There will be a higher chance that the one you chose to invest in are crap coins. If you are lucky you might invest in those that will appreciate greatly. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1319 Share on other sites More sharing options...
Henrywrites Posted June 19, 2018 Share Posted June 19, 2018 On 6/17/2018 at 5:54 PM, Kakashi2020 said: I read an article that says, it's better to invest a small sum of money in a number of newly launched cryptocurrencies than to invest money in well known coins, it's because of the appreciation of newly launched coins. All a person needs to do is to pick 5 - 10 newly launched coins and invest in it, in about 6 months most will be duds but 1 or 2 would appreciate 10 fold and would become successful. Do you think this is a good thing to do? This is a good plan as long as you invest a little that you are ready to lose. I have come to notice that it is not every coin that is new in the market got a great offer and that is the reason I would not want to invest much on them. The better thing to do is to try as much as I can to invest more on coins that are popular with the hope that my investment is a bit secured at the end of the day. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1331 Share on other sites More sharing options...
Kakashi2020 Posted June 19, 2018 Author Share Posted June 19, 2018 Well, with the price of new cryptocurrencies being so low it wouldn't hurt my pockets to invest a small amount in some of them. I guess it's like betting on a lottery ticket you can win a lot or lose some. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1334 Share on other sites More sharing options...
Kakashi2020 Posted June 20, 2018 Author Share Posted June 20, 2018 23 hours ago, Henrywrites said: This is a good plan as long as you invest a little that you are ready to lose. I have come to notice that it is not every coin that is new in the market got a great offer and that is the reason I would not want to invest much on them. The better thing to do is to try as much as I can to invest more on coins that are popular with the hope that my investment is a bit secured at the end of the day. Yep, it's like gambling in a way, you'll wager in 10 currencies hoping that atleast one of them hits the jackpot. But doing this is logical and statistically sound. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1354 Share on other sites More sharing options...
Henrywrites Posted June 20, 2018 Share Posted June 20, 2018 9 hours ago, Kakashi2020 said: Yep, it's like gambling in a way, you'll wager in 10 currencies hoping that atleast one of them hits the jackpot. But doing this is logical and statistically sound. I will source for some funds and look out for new coins that are coming into the market. Hopefully, it is going to work well at the end. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1363 Share on other sites More sharing options...
Kakashi2020 Posted July 7, 2018 Author Share Posted July 7, 2018 On 6/21/2018 at 3:15 AM, Henrywrites said: I will source for some funds and look out for new coins that are coming into the market. Hopefully, it is going to work well at the end. The way I see it ICO's or Initial Coin Offerings are just like IPO's or initial public offering in stocks. Buying IPO's is the best way to buy stocks since the possibility of appreciation is very high. But again it's also wise not to put all your money in one coin. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-1675 Share on other sites More sharing options...
focusedwriter10 Posted November 4, 2018 Share Posted November 4, 2018 It is better. Those who invested in Bitcoin prior to its popularity are enjoying. However, I can only invest in new cryptos in moderation. To avoid losing it all, I can only invest the extra cash that I have, otherwise, after seeing the progress I can invest more. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-2376 Share on other sites More sharing options...
Martinsx Posted November 4, 2018 Share Posted November 4, 2018 Before heading into investment on new cryptocurrencies, it's very important to have all the facts and information about the technology behind the cryptocurrency to be sure if it's stable in order to avoid not losing your money when the cryptocurrency crashes. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-2398 Share on other sites More sharing options...
menchuuy58 Posted November 4, 2018 Share Posted November 4, 2018 On 6/18/2018 at 12:54 AM, Kakashi2020 said: I read an article that says, it's better to invest a small sum of money in a number of newly launched cryptocurrencies than to invest money in well known coins, it's because of the appreciation of newly launched coins. All a person needs to do is to pick 5 - 10 newly launched coins and invest in it, in about 6 months most will be duds but 1 or 2 would appreciate 10 fold and would become successful. Do you think this is a good thing to do? I think it is good to do it. If that is really the result, then go for it. The problem is when what you expect is different from the reality. Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-2407 Share on other sites More sharing options...
Kakashi2020 Posted November 4, 2018 Author Share Posted November 4, 2018 7 minutes ago, menchuuy58 said: I think it is good to do it. If that is really the result, then go for it. The problem is when what you expect is different from the reality. Yeah, there's been a lot of times in the past that certain plans i initiated didn't work out as I intended it to be. But like they say "if you want to win, then you have to bet". Quote Link to comment https://slingbank.com/forums/topic/840-is-it-better-to-invest-in-newly-launched-cryptocurrencies/#findComment-2410 Share on other sites More sharing options...
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